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Can someone please help? Marigold Furniture Company started construction of a combination office and warehouse building for its own use at an estimated cost of
Can someone please help?
Marigold Furniture Company started construction of a combination office and warehouse building for its own use at an estimated cost of $4,000,000 on January 1, 2025. Marigold expected to complete the building by December 31,2025 . Marigold has the following debt obligations outstanding during the construction period. (a) Assume that Marigold completed the office and warehouse building on December 31, 2025, as planned, at a total cost of $4,160,000, and the weighted-average amount of accumulated expenditures was $2,880,000. Compute the avoidable interest on this project. (Use interest rates rounded to 2 decimal places, e.g. 7.58\% for computational purposes and round final answers to 0 decimal places, e.g. 5,275.) Avoidable interest $ Step by Step Solution
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